JPHSTEC@EP2610A

May Hang Seng Futures Drop 29 Points to 25525; China and Tech Indices Rise

HANG SENG Investment Management Maintains Neutral Risk Appetite and Launches Two ETFs

HengSheng Technology Index Favors Newcomers

Opening of Hang Seng Index Futures, HSI China Enterprises Index Futures, and HKEX Mainland China 50 Index Futures

Hengsheng Technology ETF Tian 弘 Continues to Attract Net Inflows

HANG SENG TECH INDEX DOWN OVER 3%

HANG SENG TECH INDEX DOWNS MORE THAN 2% INTRADAY

Renminbi Strengthens Against US Dollar, Supports Hong Kong Stocks

RMB Midpoint Rates Rise, Boosting Hong Kong Stock Market Performance

Domestic Internet Giants Post Impressive Earnings Reports

HSI Company Launches Generative AI to Enhance Index Calculation Efficiency

Alibaba Surpasses Expectations in Earnings Report; Hang Seng Tech Index and ETF Rise

Hang Seng Index Ends Four-Day Winning Streak With a Decline

HengSeng Index Down, Southbound Funds Net Buy

Hengsheng Technology Index Rises 1% to 5,486.16

Hong Kong Tech Index Tumbles, Xinyi Solar and Others See Sharply Lower Shares

Hong Kong Tech ETFs See Significant Growth in Shares

Hong Kong stocks fall, but Hang Seng Tech Index rises

Huatai Securities Analyzes Trend of A-Share Tech Companies Listing in Hong Kong

EASEC FYH Science & Technology ETF Down for 5 Consecutive Days

QPL INT'L

TRIGIANT

NICHE-TECH SEMI

BJ DIGITAL

NATURE ENERGY T

C.BANNER

CHUNCHENG HEAT

GW TERROIR

JLOGO HLDGS

KWONG MAN KEE

GOLD

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STECH

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The Hong Kong Hang Seng Index slightly fell by 0.03%, while the Tech Index rose by 1.59%, with the semiconductor sector performing prominently. Gold prices retreated to USD 4,520 per ounce, as market expectations for a hawkish Federal Reserve intensified. Institutions believe that Hong Kong stocks are in a phase of consolidation and suggest focusing on the semiconductor, AI computing, and innovative pharmaceutical sectors

同壁财经

Gold.com

ZHONGJIN GOLD

Zijin Mining

SD-GOLD

Kinross Gold

Newmont

Agnico Eagle Mines

Hang Seng TECH Index

Hang Seng Index

ISHARESHSI

Sprott GLD Miners Etf

Direxion Daily Gold Miners Bull 2X

Us Gbl GLD & Met

YieldMax Gold Miners Opt Inc Strgy ETF

iShares MSCI Global Gold Miners

VanEck Gold Miners ETF

VanEck Junior Gold Miners ETF

Sprott JR Gold Miners ETF

EFUND GOLD MI ETF

Microsectors Gold Miners 3x Leveraged ETN

iShares Gold Trust

EFUND GOLD MI-U

Abrdn Gold ETF Trust

SPDR Gold Minishares

SPDR Gold Shares

ChinaAMC Gold ETF

Roundhill Gold Miners Weeklypay ETF

EFUND GOLD MI-R

Pro Ultr GLD

HUA HONG SEMI

SMIC

ChinaAMC Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Biotechnology Technology ETF(QDII)

Hua Hong

SMIC HK SDR 5to1

The Hong Kong Hang Seng Index closed flat, the Tech Index rose by 1.6%, and gold prices fell to around $4,520

CMSI reports that KNOWLEDGE ATLAShas made significant advancements in inference efficiency, enhancing its commercialization prospects. The broker has assigned an Overweight rating and is reviewing its target price. The recent launch of the GLM-5.1 high-speed API version achieves 400 tokens/s, setting a new standard for API speed. The new ZCube architecture improves throughput by over 15% and reduces costs by 33%. Future catalysts include potential inclusion in HSI/HSTECH and progress on its STAR Market listing in 2H26.

AASTOCKS News

KNOWLEDGE ATLAS

CMSI: KNOWLEDGE ATLAS  Breakthrough in Inference Efficiency Further Enhances Commercialization Prospects; Rated Overweight

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The Hang Seng Index Company will announce the quarterly review results on May 22, and the market generally expects MiniMax to be successfully included in the Hang Seng TECH Index, which is expected to attract hundreds of billions of southbound capital inflows. MiniMax, leveraging its technological iteration and product matrix advantages, has launched the M2.5 and M2.7 models, which have significant cost advantages, promoting the development of the AI intelligent ecosystem and becoming a mainstream choice in the market

MINIMAX-W

HSTECH ETF

CAM HS TECH

ISHARESHSTECH

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

Tianhong Hang Seng TECH ETF(QDII)

CMS HS TECH

GX HS TECH

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

The expectation of index inclusion catalyzes, MiniMax leverages technological iteration and product matrix advantages to embrace the trillion yuan capital windfall

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On May 22, Hong Kong stocks related to AI applications surged significantly, with KNOWLEDGE ATLAS reaching an all-time high and LENOVO GROUP rising nearly 20%. The National Development and Reform Commission plans to introduce policies to support artificial intelligence, leading to a significant increase in the CAM HS TECH ETF, with strong performance from the tracked technology leading stocks. Currently, the PE-TTM of the Hang Seng TECH Index is at a near 5-year low, providing a margin of safety

LENOVO GROUP

CAM HS TECH-R

The Hong Kong stock market's AI application concept has exploded, Lenovo Group's stock price has reached a new high, and the Hang Seng TECH Index ETF has surged significantly

513580

CITIC Construction Investment pointed out that the Hang Seng TECH Index is currently in a value reassessment window after a deep adjustment, with extremely high safety margins and odds. The AI technology cycle will bring potential for valuation reshaping, and it is necessary to wait for the resonance of three catalysts: liquidity turning point, AI commercialization verification, and easing of the competitive landscape. The Hang Seng TECH ETF ChinaAMC (513180) traded over 700 million yuan, ranking first in its category

Huaan Hang Seng Technology ETF(QDII)

XPENG-W

XPeng

SUNNY OPTICAL

MEITUAN

LI AUTO-W

Li Auto

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

LENOVO GROUP-R

Lenovo Group

CITIC Construction Investment: The Hang Seng Technology is currently in a value reassessment window after a deep adjustment

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HSCEI

China's economic growth slowed in April, with industrial output rising 4.1% and retail sales only 0.2%, both missing forecasts. Domestic car sales fell 21.6%, marking seven months of decline. Fixed-asset investment contracted 1.6% in early 2026. Economists cite weak domestic demand and external risks from the Middle East conflict as factors. Despite a 5.0% growth in Q1, analysts warn of an uneven recovery, with the property market downturn continuing to impact growth.

- China's economic growth slowed in April, with industrial output increasing by only 4.1% and retail sales rising just 0.2%, significantly below expectations.  
- Factors such as high energy costs from the Iran war, weak domestic demand, and a drop in fixed-asset investment contributed to this downturn.  
- Economists warned that while exports held up, the ongoing property market downturn and rising input costs could further pressure the economy.

Business Standard

SSE Index

Shenzhen Index

CSI 500

CSI 300

Hang Seng China Enterprises Index

China's April growth slows as factory output, retail sales miss forecasts

166802

501045

Asian tech rally drives mild gains as U.S.-China summit pressures Beijing shares

businessinsider

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

China Universal CSI 300 Index Initiating Fund(LOF)-C

Asian tech rally drives mild gains as U.S.-China summit pressures Beijing shares

07618

At midday, the HSI rose 69 points to 26,416, while the HSTI increased by 26 points to 5,096. Notable gainers included MEITUAN, up 4.8%, and JD, which surged 7% to hit a new high. Other stocks reaching new highs included FIT HON TENG, KB LAMINATES, and ASMPT. Overall, the market showed positive momentum with several heavyweights performing well, despite some declines in stocks like GEELY AUTO.

JD INDUSTRIALS

HSI Closes Midday at 26,416, Up 69 pts; HSTI Closes Midday at 5,096, Up 26 pts; MEITUAN Up over 4%; JD INDUSTRIALS, FIT HON TENG, KB LAMINATES, ASMPT, KINGBOARD HLDG Hit New Highs

JPHSTEC@EP2610A(28575.HK)

The Hong Kong Hang Seng Index closed flat, the Tech Index rose by 1.6%, and gold prices fell to around $4,520

CMSI: KNOWLEDGE ATLAS Breakthrough in Inference Efficiency Further Enhances Commercialization Prospects; Rated Overweight

The expectation of index inclusion catalyzes, MiniMax leverages technological iteration and product matrix advantages to embrace the trillion yuan capital windfall

The Hong Kong stock market's AI application concept has exploded, Lenovo Group's stock price has reached a new high, and the Hang Seng TECH Index ETF has surged significantly

CITIC Construction Investment: The Hang Seng Technology is currently in a value reassessment window after a deep adjustment

China's April growth slows as factory output, retail sales miss forecasts

Asian tech rally drives mild gains as U.S.-China summit pressures Beijing shares

HSI Closes Midday at 26,416, Up 69 pts; HSTI Closes Midday at 5,096, Up 26 pts; MEITUAN Up over 4%; JD INDUSTRIALS, FIT HON TENG, KB LAMINATES, ASMPT, KINGBOARD HLDG Hit New Highs